Asian oil markets


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Asian oil markets
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1 day ago Asian stocks closed slightly lower on Wednesday following President Donald Trump's announcement that the U.S. would pull out of the Iran nuclear deal, as oil prices rose to multi-year highs. Japan's Nikkei declined percent, or points, to close at 22, as most sectors traded in negative.

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About Asian Oilfield

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4 Hours Ago. Stocks are higher in midday trading on Wall Street, led by gains in energy companies. The price of crude oil climbed back above $70 a barrel Wednesday a day after the U.S. moved to withdraw from a nuclear accord with Iran. Exxon Mobil rose percent. Iranian President Hassan Rouhani. General Wesley.

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Description:Europe's New Energy Challenge Popular. Newly built refineries in Asia have high upgrading capacity and therefore find heavy and cheap types of oil, often found in Latin America, more profitable to refine. Developed countries, continuing to suffer from the financial crisis of , have seen poor energy demand growth. Soft oil markets and growing competition between producers Being the only significant growth market, Asia is currently enjoying competition among the crude oil suppliers from the ME, offering increasingly better terms. Most liquidity in the Asian crude oil markets is in Dubai swaps, an over-the-counter OTC derivative, because most regional buyers price their crude imports over one month average of all Dubai quotations as published by Platts during the calendar month of loading. Hence there is an anomaly in the Asian crude oil pricing, which would send the wrong price signals to the regional market. Traders exposed to a major supply disruption, as well as those speculating on such an event would hedge and trade Brent futures, the most liquid contracts.

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